We’ll soon be asked to amend our deeds and approve LHCC’s Utility Extension Program (UEP). We believe the UEP as proposed is not a legitimate method to extend utilities and should be rejected. We encourage everyone to vote NO on these deed changes. We’ve prepared some questions for the LHCC Board about the UEP and some additional facts to evaluate any response. We believe that most people who take a hard look at this program will come to the same conclusion we have: it’s just a bad idea.
Utility Extension Program (UEP). The audience was filled with the likes of former LHCC directors Frank Heisey, Harriet Smith, and Tom Wallace. Apparently, no Membership Lot owners showed up, which is thoroughly understable in light of the treatment they’ve received by LHCC’s board. Besides, since meaningful participation is only available to board cronies, virtually no one shows up anymore.
It’s time for the LHCC Board to get ready for the October 2007 election, and that means creating a Nominating Committee.
We’d like you to double-check LHCC’s accounting treatment of the contingent funds which might be received from Aqua Virginia relating to the sale of the Utility. Your name came up in LHCC Treasurer John Martel’s explanation to the board of directors regarding certain accounting entries. He explained that an accountant required that these contingent monies be discounted to reflect their value in today’s dollars, or their present value. In simple terms, he said the discount was required because an accountant “cannot let that ride.”
During March, The Haines Agency, a Stephens City-based security firm began providing personnel for Lake Holiday’s front gate. Their friendly staff is a nice addition to the community. We think it is important to look at the process by which the board of directors made the decision to select Haines.
LHCC Treasurer John Martel and GM Ray Sohl review spending at the February 26th board meeting. An obviously frustrated Martel begins the discussion after Sohl finishes his opening remarks:
I have a couple of questions, Ray, and I have one more than I had before you started talking.
Update: Due to a glitch when uploading the related audio files, some users reported hearing static instead of an understandable audio track. We’ve fixed that glitch.
Noel O’Brien’s arrogant comments have put the spotlight on the thoughts of other board members.
Listen to these startling revelations by director Margie Hoffman.
Colby’s unfortunate disappearance brought to the fore the issue of signs at Lake Holiday. The Boyd family had run afoul of Lake Holiday’s prohibitions on signage in their efforts to locate Colby. They took the initiative to encourage the Board to show more reasonableness in administering Lake Holiday by developing a more humanitarian outlook. However, at the February 26th board meeting, the LHCC Board voted down the humanitarian assistance policy championed by Sharon Boyd.
We’re closely following the response to the questions posed by Bill Masters about money issues at Lake Holiday. So far, a few emails have been exchanged, one of which has triggered calls for the resignation of at least 1 director, Noel O’Brien. We’ll update this post as additional responses are received.